Asked by SHIVANGI MALHOTRA on May 15, 2024
Verified
McKenzie sells textbooks.She receives 7% on her first $1,000 in sales and 15% on the balance of her sales.If her sales in one month were $14,500,she would earn $2,025 in commission.
Commission
A fee paid to an agent or employee for transacting a piece of business or performing a service.
Sales
The exchange of a commodity for money; the action of selling something.
- Calculate income and commissions based on sales and performance metrics.
Verified Answer
AT
Azozz TashkandiMay 18, 2024
Final Answer :
False
Explanation :
McKenzie earns 7% on the first $1,000, which is $70. On the remaining $13,500, she earns 15%, which is $2,025. Adding these amounts gives her a total commission of $2,095, not $2,025.
Learning Objectives
- Calculate income and commissions based on sales and performance metrics.